Wednesday, February 19, 2020

Average Taxpayers Subsidize Tesla Purchases by Rich Californians

Electric vehicle sales have grown in recent years, and cars such as the Tesla Model 3 have made the market a bit more affordable (though not much) for everyday people. But data show most of those who claim the electric vehicle tax credit earn far more income than the national average. In fact, people with annual incomes of $100,000 or more have claimed nearly 80% of federal electric vehicle tax credits, and about half of all sales take place in California.  
Taking a deeper look at the issue means asking ourselves an important question: Should average taxpayers be responsible for subsidizing electric vehicle purchases that overwhelmingly benefit high-income earners? The Case Against Electric Vehicles

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